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Role of Claims Management Software in a Pandemic PowerPoint Presentation
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Role of Claims Management Software in a Pandemic

Role of Claims Management Software in a Pandemic

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Role of Claims Management Software in a Pandemic

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  1. Role of Claims Management Software in a Pandemic Image source: simplilearn.com

  2. Introduction • Benefits of Claim Management Software • Easy Management with Adequate Privacy • Uploading and Processing Claim Request • Impact on Insurer’s Financial Outlook • Conclusion 1 2 Table of Contents 3

  3. Introduction • The insurance ecosystem is deeply affected by the pandemic of COVID-19 as more than the business continuity plans, it faces a challenge to timely process the increasing number of Claims for the population affected by Coronavirus. • Insurers partnering with InsurTech providers leverage Claims Management Software to process quality timely claims.

  4. Claims Management Software The crucial measure of social distancing is implemented with automated claims management softwarefor insurers and agents to access their documents to improve claims management.

  5. Other functions of Claims Management Software are • Uploading and Processing Claims Request • Easy Management with Adequate Privacy • Impact on Insurer’s Financial Outlook

  6. Easy Management with Adequate Privacy Having adequacy in detecting fraud and executing quality claims timely • Reserves the required threshold of privacy to secure the confidentiality

  7. Uploading and Processing Claims Request • Valid proofing of claims without the hustle of traveling Customers lodging all necessary documents on the app

  8. Impact on Insurer’s Financial Outlook • The claims management software provides insights especially to the underwriters for the risk analysis on further policies • Better decision making of the organization in financial pressure due to an exponential increase in the number of claims

  9. Conclusion • The Insurance Industry has a crucial offering of claims processing at this time and should be kept working even remotely with all the due precautions. This can be made possible only by a reliable Claims Management Software which smoothens the whole process of insurance by easy handling solutions

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